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Limited Chinese market share would constrain consumer-price effects and that the proposed increase was aimed at voters in U.S. steel-producing communities.
Assessment development · updated through
Limited Chinese market share would constrain consumer-price effects and that the proposed increase was aimed at voters in U.S. steel-producing communities.
Open source reportGeography
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Pennsylvania dossier
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Pennsylvania
Limited Chinese market share would constrain consumer-price effects and that the proposed increase was aimed at voters in U.S. steel-producing communities.
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Chronology
Chinese steel represents only 0.6% of U.S. demand, so higher tariffs shouldn't raise U.S. consumer prices much - the increase is more of a political gambit to win voters in steel towns like the one in Pennsylvania where Biden will make his announcement.
Limited Chinese market share would constrain consumer-price effects and that the proposed increase was aimed at voters in U.S. steel-producing communities.
Open source report